India New Issue-REC accepts bids for near 5-year bonds, bankers say

REC

15/07/2026 08:24

    MUMBAI, July 15 (Reuters) - India's REC RECM.NS accepted bids worth 29.19 billion rupees ($303.34 million) for the sale of bonds maturing in nearly five years, three bankers said on Wednesday.
The company will pay a coupon of 7.30% and had invited commitment bids from bankers and investors earlier in the day, they said.
REC did not reply to a Reuters email seeking comment.

Here is the list of deals reported so far on July 15: 

            Issuer
          

            Tenure
          

            Coupon (in %)
          

            Issue size (in bln rupees)*
          

            Bidding date
          

            Rating
          
REC
4 years, 11 months and 14 days
7.3
29.19
July 15
AAA (Care, Crisil)

            HDB Financial Services
          
5 years
7.8324
2+3
July 16
AAA (Crisil, Care)

            TVS Motor
          
3 years
7.3
5
July 16
 AAA(Care)
     
*Size includes base plus greenshoe for some issues
($1 = 96.2300 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Harikrishnan Nair)
((Dharamraj.dhutia@tr.com, Khushi.malhotra@tr.com))